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PREAUTHORIZED PAYMENT (PAD) APPLICATION 1. Customer Information (Please print clearly) Name:Print FormTenant Code:Reset Forwardness:Unit #:City:Province:Phone:OntarioPostal Code:Email:2. Bank Account
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How to fill out pre-authorized payment pad application

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How to fill out pre-authorized payment pad application

01
Obtain a pre-authorized payment pad application form from your financial institution.
02
Read the instructions carefully and fill in the necessary information.
03
Provide your personal details such as name, address, contact information, and account number.
04
Choose the frequency and amount of the payments you want to make.
05
Specify the start date and end date of the pre-authorized payments.
06
If required, provide any additional information or instructions as requested on the form.
07
Review the filled form for accuracy and completeness.
08
Sign and date the application form.
09
Submit the completed form to your financial institution either in person or through mail, as per their instructions.
10
Wait for confirmation from your financial institution regarding the activation of the pre-authorized payments.

Who needs pre-authorized payment pad application?

01
Anyone who wishes to automate regular payments from their bank account can benefit from a pre-authorized payment pad application. This may include individuals who have recurring bills or expenses to pay, such as rent, mortgage, utility bills, insurance premiums, loan repayments, subscription services, etc. It offers convenience, saves time and ensures timely payments without the need for manual intervention.
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Pre-authorized payment pad application is a form used to authorize a third party to withdraw funds directly from a bank account.
Any individual or entity looking to set up automatic payments through their bank account must file a pre-authorized payment pad application.
To fill out the application, one must provide their personal information, bank account details, the name of the payee, and the amount to be withdrawn.
The purpose of the application is to simplify the process of making regular payments by allowing them to be automatically deducted from a bank account.
The application must include personal information, bank account details, payee information, and the amount to be withdrawn.
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